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We will now explain the trends in equity and interest-bearing debt.
For the fiscal year ending March 31, 2020, interest-bearing debt is projected to increase ¥90.2 billion, to ¥1,380.0 billion from the previous fiscal year, mainly due to investments in large projects such as the currently ongoing Shibuya redevelopment project and new investments. Even so, we are planning for a D/E ratio of 2.3 times without changes.
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